Use of e-invoices generated from cash registers expanded
The taxation sector is taking concerted efforts to have 70% of enterprises and business households using e-invoices generated from cash registers later this year under an initiative launched since December 15, 2022.
Hanoi (VNA) – The taxation sector is taking concerted efforts to have70% of enterprises and business households using e-invoices generated from cashregisters later this year under an initiative launched since December 15, 2022.
Accordingly,the General Department of Taxation asked tax departments to strive to reach 30%by the end of the second quarter, 50% by the end of the third quarter and 70%later this year. In Hanoi, Ho Chi Minh City, Hai Phong, and Quang Ninh, therate must reach 100% in dining and restaurant services.
As of late May, there were 18,963 businesses registering to use e-invoices with tax codes generated from cash registers.
Assoc. Prof Le Xuan Truong, head of the Vietnam Academy ofFinance’s Tax and Customs Department, believed that expanding the use of e-invoicesfrom cash registers helps tax authorities better monitor the supply of goodsand services from businesses, contributing to more effective and fair taxmanagement.
Ho Chi Minh City is one of three localities that have piloted the useof e-invoices generated from cash registers. However, after more than twomonths of implementation, the number of taxpayerssuccessfully registered in the city remains low, reaching only 278 as ofFebruary 26 this year.
Through a preliminary survey, HCM City has 266enterprises and 5,268 business households, which are trade centres, supermarkets,restaurants, hotels, entertaꦐinment service providers, are the targets of ౠthescheme./.
As many as 764,314 firms, or more than 92 percent of Vietnamese total, have registered to convert to electronic invoices, according to deputy head of the General Department of Taxation Dang Ngoc Minh.
Except for several special cases, all enterprises, business households and individuals must use e-invoices instead of paper invoice starting from July 1, according to a circular issued by the Finance Ministry.
As many as 3,943 business establishments are set to roll out e-invoices generated from cash registers by March 2023, including 1,850 businesses and 2,093 business households.
The Ho Chi Minh City People's Committee has asked relevant departments and agencies to apply measures to accelerate the use of e-invoices generated from cash registers, towards ensuring the implementation of the set roadmap.
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Illustrative image (Photo: kinhtedothi.vn) 
